The White House is bracing for a political fight as it readies a coronavirus airline bailout package.
Other measures to confront the economic meltdown may include stimulus options for both companies and individuals, like a payroll tax cut, which President Donald Trump has pushed for, despite an inability to gain bipartisan support. Enhanced small-business loans through the Small Business Administration and more support to states and individuals battling the crisis are also on the table.
As winners go, the airline industry is likely to draw the most bipartisan support, as the sector is critical to the U.S. economy. It employs 750,000 people and allows travel throughout the nation, including local hubs. Its fall would crush confidence in the U.S. economy. Any offer to aid the industry as individuals suffer is likely to bring those complaints back to the forefront.
Lewis' perception conflicts with that of the airlines' assessment of their current woes, but it highlights the difficult line politicians must walk in order to manage the crisis in an election year.Don't call it a bailout
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